50% right shares of Kisan Microfinance allotted to valid applicants; Unsubscribed 4,280 units to be sold via auction soon

Kisan Microfinance Bittiya Sanstha Limited (KMFL) has allotted its 50% right shares to the valid applicants.

The microfinance company had floated 2,40,250 unit right shares from Mangsir 02 till Poush 08 at par value of RS 100.

Out of the floated right shares, 4,280 units have remained unsubscribed which includes 183 unit promoter shares and 4,097 unit ordinary shares. The unsubscribed shares will be sold via auction in the near future.

Its paid-up capital will reach Rs 7.20 crore after the adjustment of 50% right shares. (source)